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Thames Water to start fundraising talks in coming weeks amid cash crisis

Summary by Evening Standard
Britain’s biggest water company currently has only enough funding to see it through to the end of May next year, and is scrambling for fresh cash.

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Evening StandardEvening Standard

Thames Water to start fundraising talks in coming weeks amid cash crisis

Britain’s biggest water company currently has only enough funding to see it through to the end of May next year, and is scrambling for fresh cash.

·London, United Kingdom
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Thames Water Seeks Creditor Approval Amid Financial Strain

Thames Water Seeks Creditor Approval Amid Financial StrainThames Water, serving 25% of UK population, urgently seeks creditor approval to access cash reserves. The company needs £3.25 billion over five years to avoid potential insolvency by May 2025.

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perspectivemedia.comperspectivemedia.com

Thames Water to start fundraising talks in coming weeks amid cash crisis

Britain’s biggest water company currently has only enough funding to see it through to the end of May next year, and is scrambling for fresh cash. Thames Water has said it will kick off the process of raising more money from investors over the next few weeks. The struggling water giant said that while it has been in talks with potential funders since July, it will launch its formal “equity solicitation process” in the coming weeks. That process…

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radiojackie.comradiojackie.com

Bosses at cash-strapped Thames Water say they're launching fresh fundraising talks to prevent financial collapse.

The company, which has about 16 million customers, only has enough money to fund operations until next May. If executives can't drum up the finance - the company faces nationalisation. But that's something the Labour Government has said it wants to avoid.

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